Jacobs Levy Equity Management Inc. Has $37.19 Million Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 15.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,566,342 shares of the travel company’s stock after acquiring an additional 334,961 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Tripadvisor were worth $37,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its position in Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after purchasing an additional 95,138 shares during the last quarter. AQR Capital Management LLC increased its position in Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Tripadvisor by 4.9% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after purchasing an additional 107,154 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRIP. JPMorgan Chase & Co. lowered their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Cantor Fitzgerald lowered their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. UBS Group cut their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Truist Financial lowered their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, B. Riley lifted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Price Performance

Shares of TRIP opened at $14.15 on Wednesday. The firm has a market cap of $1.97 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 10.08 and a beta of 1.36. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The business’s 50 day moving average price is $14.82 and its two-hundred day moving average price is $15.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. On average, equities analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Tripadvisor Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.